INDIANAPOLIS – (BUSINESS WIRE) – Vertellus today announced the signing of a definitive agreement to acquire the Intermediates and Specialties division of ESIM Chemicals (âIM Chemicalsâ), a leading supplier of specialty chemicals serving the pharmaceutical, coatings and fuels and lubricants. The transaction is subject to customary regulatory approvals.
Founded in 1857, Vertellus is a leading supplier of specialty products for the healthcare, personal care, food and agriculture, coatings and transportation markets. The company manufactures over 700 products which are used in medical devices, vitamins, health and beauty applications, crop protection, and additives for fuel and lubrication applications. Vertellus serves customers around the world from 10 manufacturing plants located in the United States, United Kingdom, India and China. Vertellus, based in Indianapolis, is owned by Pritzker Private Capital and management.
“This acquisition is directly aligned with Vertellus’ strategy to become a leading global supplier of specialty chemicals and solutions through both organic growth and acquisitions of complementary customer-focused businesses. We are delighted to welcome the IM Chemicals team to the Vertellus family, âsaid John Van Hulle, CEO of Vertellus.
Jim Elliott, Vice President and General Manager of the Anhydrides and Specialties business of Vertellus, said: âIM Chemicals integrates perfectly with Vertellus. This acquisition strengthens our ability to meet the needs of our global customer base for specialized products and solutions, adding additional production capacity in Europe and expanding our product offering into new markets. ”
Thomas Chadwick, Director at Pritzker Private Capital, added âThe acquisition of IM Chemicals will expand Vertellus’ capabilities to provide innovative specialty products and solutions to its customers. IM Chemicals fits perfectly with Vertellus’ strategy of using complementary acquisitions to accelerate growth in key markets including health and beauty, coatings, specialty lubricants, as well as certain food protection markets and cultures. ”
Based in Indianapolis, Indiana, the Vertellus group of companies was founded in 1857 as a manufacturer of niche specialty products. Today, Vertellus is a leading provider of unique specialty solutions used in the personal care, healthcare, coatings, transportation and food and agriculture markets. With more than 1,000 employees, Vertellus serves customers around the world from its 10 international manufacturing facilities. Vertellus is a Responsible CareÂ® company. For more information visit vertellus.com.
About IM Chemicals
IM Chemicals is a leading manufacturer of specialty anhydride products used in a diverse group of end markets including coatings, pigments, construction and pharmaceuticals. IM Chemicals operates a production site in Linz, Austria, with more than 150 employees.
About Pritzker Private Capital
Pritzker Private Capital partners with North American-based mid-market companies in leading positions in the manufactures, services and healthcare industries. The company’s differentiated and long-term capital base enables efficient decision-making, great flexibility with the transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds long-term businesses and is an ideal partner for entrepreneurs and family businesses. Pritzker Private Capital is a signatory of the United Nations Principles for Responsible Investment (PRI). For more information visit www.ppcpartners.com.